Common use of Lessor's Right to Perform for Lessee Clause in Contracts

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do so, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 11 contracts

Samples: Sublease Agreement (Mair Holdings Inc), Engine Lease Agreement (Pinnacle Airlines Corp), Lease Agreement (Atlas Air Inc)

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Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Supplemental Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do soagreement, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Incentive Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 4 contracts

Samples: Lease Agreement (Hawaiian Holdings Inc), Lease Agreement (Hawaiian Airlines Inc/Hi), Lease Agreement (Hawaiian Airlines Inc/Hi)

Lessor's Right to Perform for Lessee. If the Lessee fails to make any payment of Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then the Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do so, and the amount of such payment and the amount of the reasonable expenses of the Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Rate, shall be deemed Supplemental Rent, payable by the Lessee upon demand.

Appears in 4 contracts

Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Atlas Air Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Rent required to be made by it hereunder hereunder, or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do soagreement, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreementagreement (including reasonable attorneys' fees), as the case may be, together with interest thereon at the Past Due Overdue Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 2 contracts

Samples: Lease Agreement (Airfund International Limited Partnership), Lease Agreement (Airfund Ii International Limited Partnership)

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Rent required to be made paid by it hereunder or fails to perform or comply with any of its other agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do soagreement, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or in connection with the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Rate, shall be deemed Supplemental additional Rent, payable by Lessee upon demand.

Appears in 1 contract

Samples: Fiber Exchange Agreement (General Communication Inc)

Lessor's Right to Perform for Lessee. If the Lessee fails to make any payment of Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained hereinherein or in related documents, then the Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do soagreement, and the amount of such payment and the amount of the reasonable expenses of the Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Incentive Rate, shall be deemed Supplemental Rent, payable by the Lessee upon demand.. 19.4

Appears in 1 contract

Samples: Lease Agreement (Atlantic Coast Airlines Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Rent required to be made by it hereunder hereunder, or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do soagreement, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Overdue Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 1 contract

Samples: Lease Agreement (Airfund Ii International Limited Partnership)

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Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then Lessor may may, on behalf of Lessee and upon prior notice to Lessee, itself make such payment or perform undertake such performance or comply with such agreement but shall not be obligated hereunder to do so, and the compliance. The amount of any such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the payment, performance of or compliance with such agreement, as the case may be, together with interest thereon thereon, at the Past Due Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 1 contract

Samples: Lease Agreement (American Airlines Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to make any payment of Supplemental Rent required to be made by it hereunder or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do so, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or for the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Evergreen International Aviation Inc)

Lessor's Right to Perform for Lessee. If Lessee fails to make pay any payment of Supplemental Rent required to be made paid by it hereunder or fails to perform or comply with any of its agreements contained herein, then Lessor may itself make such payment or perform or comply with such agreement but shall not be obligated hereunder to do so, and the amount of such payment and the amount of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Past Due Overdue Interest Rate, shall be deemed Supplemental Rent, payable by Lessee upon demand.

Appears in 1 contract

Samples: Lease Agreement (Airship International LTD)

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